Answer the following Question 1 Kyle eats two types of fruits - bananas and apples. He has a budget of $50 to spend on fruits per month. The price of bananas is $5 and that of apples is $10. a, Graph Kyle's budget line by plotting bananas on the horizontal axis. and find the slope of his budget line. b. Write down the budget equation for Kyle's consumption of fruits (bananas on the horizontal axis). C. Suppose the price of bananas has doubled Present this effect graphically and find his new slope of the new budget line (bananas on the horizontal axis) d. Suppose Kyle now reduces the budget spent on fruits to $40. Present this effect graphically and find his new slope of the new budget line (bananas on the horizontal axis, and price of bananas is $5 and that of apples is $10). Question 2 Suppose favorable weather increased the supply of tomatoes so that the price of tomatoes fell from US$45 a ton to US$35 a ton and quantity sold increased from 300 tons to 420 tons. What is the value of the price elasticity of demand? Show your work